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Archive for June 5, 2014

Market Review for STI:The market opened lower @3278.08 and the high was marked @3282.86, the high was observed @3282.86 and the low of the day was at 3272.23.

STI Day Performance

Open

3278.08

High

3282.86

Low

3272.23

Close

3279.64

Change(Points)

-0.53

% Change

-0.02

Volume

2007.8M

Rise

235

Fall

161

Unch

385

Market forecast for STI:
STI formed a green candle for the day and the index closed lower than the previous day close .The index is in uptrend but still the minor movements may be in downtrend. It is expected to move in a downtrend 3260-3280.Technical indicators:
RSI is above the centre line @55.37, where CCI @31.29Important Factor for today:-

CAPITALAND hold more than 90% of the issued shares of CapitaMalls Asia .CMA shares will not be traded anymore on stock exchange .The application has been submitted by CapitaLand for the delisting of CMA.

SGX seeks a proposal to ease a secondary listing for the companies to make it easier. It will no longer impose additional continuing listing obligations.

There has been no material development in STATS ChipPAC since May 16, its announcement date. The interest is shown by the other parties to acquire all the shares in the company.

Top Gainers

Top Loosers

Scrip Name

CMP

%change

Scrip Name

CMP

%change

Olam Intl

2.33

1.75

CapitaMall Trust

1.99

-2.45

ComfortDelGro

2.42

0.83

HongkongLand USD

6.83

-2.43

SIA Engineering

5.01

0.81

JMH 400 USD

59.88

-2.41

HPH Trust USD

0.74

0.68

JSH 500 USD

35.6

-1.77

OCBC Bank

9.75

0.52

Golden Agri-Res

0.56

-1.75

MARKET REVIEW FOR KLCI

The share prices opened higher, index up 3.96 points and opened @1869.98. Yesterday the shares ended lower, index slipped 7.35 points. Today’s close price is 1869 and the low is marked @1863.11.

KLCI Day Performance

Open

1869.98

High

1870.6

Low

1863.11

Close

1869

Change(Points)

+3.800

% Change

+0.20

Volume

1494.2M

Rise

380

Fall

361

Unch

875

Market forecast for KLCI:
The KLCI is performing average and is moving in a price range of 1860-1880 .It is expected that it will be in a same range.Technical indicators:
RSI is just below the centre line@50.75 where the CCI is performing at -53.96.